Regulatory relaxation in IFSC techfin services may be granted on written reasons following a complete fee-paid application.

Regulation 13 allows relaxation of strict enforcement of regulatory requirements where reasons are recorded in writing and relaxation serves development of the IFSC financial services market. An applicant must submit details and grounds for relaxation with the specified non-refundable fee. Complete applications, including clarification responses, must be processed within thirty days, and written reasons must be recorded for acceptance or refusal.

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